News

The emirate of Sharjah witnessed a significant increase in European guests visiting the emirate in 2023, welcoming more than 400,000 visitors from the European market. This marks a notable 28 percent increase compared to the previous year, with Europeans constituting 27 percent of the total visitor count. Sharjah Commerce and Tourism Development Authority (SCTDA) made the announcement during its press ...

Bank of Sharjah has acted as a Joint Lead Manager and Bookrunner in the successful issuance of a US$750 million 12-year U.S. dollar-denominated 144A/Reg S senior unsecured sustainable Bond for the Government of Sharjah, alongside other international and regional banks. The Bond attracted significant investor interest, evidenced by an order book that exceeded US$ 4 billion, showcasing the robust demand ...

The UAE continues to hold its position at 10th place in the Brand Finance Soft Power Index 2024 for the second consecutive year, standing as the only Gulf nation among the world’s top 10 soft powers. The announcement came during the annual Global Soft Power Summit, which was held in the British capital, London, in the presence of a group ...

According to a monthly report on the “Real Estate and Mortgages movement” issued by Sharjah Real Estate Registration Department, it was revealed that the real estate sector in Sharjah has recorded a significant growth during January 2024, as the volume of real estate transactions in the emirate reached AED 3.9 billion. This rate constitutes a huge increase compared to January ...

Vittorio International Fragrance Company has announced an ambitious plan to establish a new regional hub at the Sharjah Airport International Free Zone (SAIF Zone) in an effort to bolster its expansion efforts across the Middle East markets, reflecting Sharjah’s growing stature as a global economic centre. The Azerbaijani company signed a Memorandum of Understanding (MoU) with SAIF Zone at the ...

Alexandria International, a leading manufacturer in the flooring and office furniture sector, has recently inaugurated its state-of-the-art logistics distribution centre in Sharjah, encompassing operational facilities spanning 74,000 square feet. This strategic move positions the centre to efficiently cater to both the local UAE market and the wider regional sector while taking advantage of Sharjah’s strategic location and reputation as a ...

Sheikha Bodour Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), has opened two new exhibitions, titled “Consciousness in Flux. Faig Ahmed” and “Hard Edges. Khalid Al Banna” at the Maraya Art Centre in Sharjah – a non-profit creative initiative by Shurooq that supports the region’s emerging and established artists. Both exhibitions will be running until 1st August 2024. ...

To support and encourage entrepreneurship and innovation in the emirate, the Sharjah Investors Services Center (SAEED), an affiliate of the Sharjah FDI Office (Invest in Sharjah), has launched the “Emerging Entrepreneurs” initiative. This forward-thinking programme aims to streamline the process for entrepreneurs and innovators to establish and launch their ventures within Sharjah, offering support for youth projects, promoting economic diversification, ...

 Air Arabia has achieved record financial results for the full year ending December 31, 2023, the airline said in a media release on Tuesday. The airline achieved double-digit growth in profitability and passenger numbers, with a record 27 per cent increase in net profit. The budget-carrier reported net profit of Dh1.5 billion for 2023, up from Dh1.2 billion recorded in ...

H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Wednesday, the Marine Simulator Centre building at the Sharjah Maritime Academy (SMA) in Khorfakkan for basic and postgraduate studies. During his visit, H.H. Dr. Sheikh Sultan had the opportunity to tour the academy’s advanced laboratories and simulation rooms. One of the highlights was ...